PROMOTING INNOVATIONIN THE ELECTRICITY INDUSTRY

被引:2
|
作者
Kiesling, L. [1 ,2 ]
机构
[1] Northwestern Univ, Dept Econ, Evanston, IL 60208 USA
[2] Northwestern Univ, Kellogg Sch Management, Evanston, IL USA
关键词
Utility regulation; electricity markets; smart metering;
D O I
10.1111/j.1468-0270.2010.02000.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Smart metering can bring significant benefits to electricity markets by allowing customers to reduce demand or increase supply when generation capacity is temporarily scarce. To reap the full efficiency and environmental benefits of this technology, regulators must allow price volatility and free entry into the market. The efficiency gains are enormous as both demand and supply will be affected by both temporary and longer-lasting price changes. Experiments have shown the value of this approach.
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页码:6 / 12
页数:7
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